Investment-blog.net: Stocks, Emerging markets, Bonds, Currencies and Commodities

Ambac Financial Group Inc. (ABK) said it has worked with clients to help them
lower their borrowing costs on auction- and variable-rate debt.

The New York bond insurer said since January, more than $700 million in
conversions to Ambac-wrapped fixed-rate deals have been approved.

In addition, Ambac said it has been “active” in exploring and implementing
various amendments to provide clients temporary or permanent relief from wide
credit spreads.

The company approved changes to 75 term conversions that allow the issuers to tap
into different investor bases or to temporarily buy their own securities.

Transactions totaling over $4 billion have benefited from these conversions,
Ambac said.

Did you like this? If so, please bookmark it,

about it, and subscribe to the blog RSS feed.

Possibly Related Posts:

• List Of Entities Announcing Exposure To Madoff Investments-2-
• Current functions of the Federal Reserve System include:
• GECC Offers $4B Of Non-Govt-Backed Debt As Market Heals
• Senate Banking Committee Seeks SEC Records For Madoff Probe
• China pledges to boost employment in 2009 amid global job cuts

Did you like this? If so, please bookmark it, about it, and subscribe to the blog RSS feed.

Technorati Tags: Abk, Ambac Financial Group, Ambac Financial Group Inc, Amendments, Auction, Bond Insurer, Conversions, Financial Group Inc, Fixed Rate, Interest Costs, Interest Group, Investor, Issuers, Rate Deals, Securities Transactions, Variable Rate